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Eurusd-4

EURUSD → Bounce from 1.1200 before further growthFX:EURUSD has been rallying since the beginning of the Asian session and is reaching the key resistance at 1.1200. The psychological level has quite a strong weight on the market and it will be difficult to break this area from the first time.... A rebound is forming on H4-H1. On D1, a rather wide range of 1.120 - 1.105 is forming in the market but after the price exits the descending wedge, which is a rather promising bullish premise. Due to the strong distribution to 1.1200 the market has no potential to break through this zone, accordingly, in the short (mid) term I expect a pullback or consolidation in the range 1.12 - 1.114 ( 1.111) and the subsequent retest of the upper boundary of the range with the aim of breaking through and further growth to 1.127 - 1.135. Resistance levels: 1.120 Support levels: 1.114, 1.111 There is a huge pool of liquidity above 1.12, which will not allow buyers to overcome this obstacle so easily. We are waiting for a correction and a further breakdown, which will be followed by growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
16
EUR USD IdeaThe big picture on the yearly chart would be simple. If the price manages to cruise through last year's high of 1.12757, then we have a yearly fractal low in our hands to trade bullish momentum, with massive up targets to get into large trades. The whole range medium, as on the picture, represented by the yellow line, would be a heavy buying target, and the second would be 1.25557. These are targets that ultra-large whales aim for. So, monthly, weekly, and daily bull backs are respected well. But first, we need bullish momentum. So, there is no brainer to hold trades.
Long
by themarketknight
Multi-swing high resistance ahead?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a multi-swing high resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 1.1197 1st Support: 1093 1st Resistance: 1.1243 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USD/JPY Under Pressure: Weak Yen and Anticipation of US GDP!USD/JPY is receiving particular attention due to the weakness of the Japanese Yen (JPY), influenced by expectations that the Bank of Japan (BoJ) will delay further rate hikes. The minutes of the BoJ’s July monetary policy meeting revealed a consensus among members on the need to remain vigilant regarding inflation risks. While some members indicated that a rate hike to 0.25% might be appropriate, others suggested a moderate adjustment to monetary support. From a macroeconomic perspective, traders are focused on the release of the annualized US GDP for the second quarter, scheduled for Thursday. The dollar's performance is being hindered by the increasing likelihood of rate cuts by the Federal Reserve by the end of the year. According to the CME FedWatch Tool, there is about a 50% chance that the Fed will reduce rates by 75 basis points, bringing them to the 4.0-4.25% range. In terms of resistance, the level of 149.40, the highest in the past six weeks, represents a potential target for the USD/JPY rally. On the support side, the first significant level is around 144.00, which coincides with the upper boundary of the previous descending channel. A break below this level could restore the bearish bias, with the next target around 139.58, the lowest point since June 2023.
Short
by Forex48_TradingAcademy
1
EUR USD Update1.11393 is a price held as a selling point for orders that have been delivered from the lows. It's a great place for heavy market makers to sell orders into resistance. It's been a long rally, and now we don't do anything here. Let them sell, buy whatever, probably get in next week with some good price action after the monthly candle closes. I didn't make anything on FX the last two weeks. More importantly, I keep my fingers off the mouse for FOMO trades. I'll keep posting if something comes up.
Long
by themarketknight
EURO - Price can fall to almost support line of rising channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside falling channel, where it broke $1.1070 level and fell to almost support line. Price turned around and started to grow, and in a short time, it left falling channel and started to grow in rising channel. In this channel, Euro broke $1.1070 level one more time and rose a little more, after which made a correction. After correction, the price bounced up to $1.1160 level and even entered to support area, where some time traded. Then EUR fell back and repeated movement up, breaking $1.1160 level and rose a little more than the support area. Now, I think that the price can rise a little more and then start to decline to $1.1120, breaking the support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
Euro Technical Analysis: EUR/USD Stalls Inside of Yearly HighEUR/USD has put in a very bullish outlay so far in Q3 trade. But last week saw bulls stall inside of the 2024 high and that brings questions to topside continuation in the pair. EUR/USD continued the advance last week following the rate cut rally following the European Central Bank’s move two weeks ago. There was technical context for bullish continuation as the pair broke through the topside of a bull flag formation but, to date, buyers haven’t been able to push for a re-test of the yearly high at the 1.1200 handle. There was seemingly an open door for a test of the highs last week as the pair showed three consecutive days of swing highs within 25 pips of that big figure. This week started with pullback but that also shows a bit of indecision as sellers were unable to test below last Thursday’s swing-low. EUR/USD Bigger Picture At this point it’s difficult to argue with the intermediate-term outlay in the pair, which has been decisively bullish since the rally began around the Q3 open. The pair was working around the 1.0700 at the time and as USD-weakness, prodded by a sell-off in USD/JPY, continued to drive DXY to fresh lows, EUR/USD continued its upward advance. But taking a step back, the argument can be made that the pair remains in the confines of a longer-term range and last week’s respect of the 1.1200 handle further speaks to that, as that, itself, is a lower-high from the 2023 swing at 1.1275. This sets up for an important few weeks as price remains within that shorter-term bullish trend into the Q3 close, with those very obvious resistance levels lurking overhead. I had written about the US Dollar to finish last week, and if the USD is going to rally, it’s probably going to need some help from EUR/USD bears. EUR/USD Shorter-Term Strategy Sellers made a quick push at the start of this week’s trade but as noted above, they haven’t been able to make much of a mark yet. But – this does set up some additional lower-high context as last week’s stall around 1.1175 is inside of the prior high at 1.1200, which is inside of the 2023 high at 1.1275. The 1.1140 level that I’ve been tracking in webinars is in-play as of this writing and there’s additional context for a possible lower-high up to prior short-term support, around 1.1155. If bears can defend that, the focus is on tests of deeper support. I’m tracking a Fibonacci level at 1.1081 that helped to bring the post-Fed bounce last week, and that’s followed by a swing at 1.1055. After that is the 1.1000 level and that’s the price that was vigorously defended into and around the ECB’s rate cut. Bears aren’t necessarily out of the woods on a first test below 1.1000, however, as the 1.09424 Fibonacci level could be a lead-in for bear trap potential on a bigger picture basis. That’s the 50% mark of the same Fibonacci retracement that set the high last year at the 61.8% (1.12697) and the low so far this year around the 38.2% (1.06152). --- written by James Stanley, Senior Strategist
by WHSelfInvest
DXY - MidtermThe FED surprised the markets with a 0.50 point preemptive rate cut. We expect this preemptive cut to cause a downward movement in the dollar index. However, we do not foresee a long-term downtrend. While the FED started the process with a larger-than-expected cut, other central banks had already begun their rate-cutting cycles much earlier. Therefore, after a brief decline, we expect the dollar index to stabilize and rise again. Technically, the first of our two major support levels, 100.6, has been broken. We now expect the decline to continue towards the second major support zone between 99.4 and 99.75. The double-top technical formation on short-term charts also supports the downward momentum. If the price finds support in the 99.4 - 99.75 range, we could see a rise towards the 102.2 - 103 area. As for the impact on other dollar pairs, we expect to see upward movements in XxxUsd pairs and downward movements in UsdXxx pairs.
TVC:DXY
by TradeAndMeApp
EUR/USD: Upside momentum becomes attractive!During the European session on Thursday, EUR/USD traded more steadily near 1.1150, supported by a fresh sell-off in the US dollar. Risk sentiment is weighing on the safe-haven greenback as all eyes turn to upcoming key speeches from ECB President Lagarde and Fed Chairman Powell. Looking ahead, I expect EUR/USD to remain bullish as long as the price remains above the key 34-EMA. The first resistance I target is the 2024 high at 1.1214 (September 25), followed by the 2023 high at 1.1275 (July 18). Wish you all, profitable trading!
Long
by ConanTradingFX
EURUSD Is Going Down! Sell! Here is our detailed technical review for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.115. Considering the today's price action, probabilities will be high to see a movement to 1.110. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.
TVC:USOILLong
by Forex48_TradingAcademy
1
EURUSD H1 I Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.1177, which is a pullback resistance and 61.8% Fibonacci retracement. Our take profit will be at 1.1105, a swing-low support level. The stop loss will be at 1.1215, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EUR/USD Bearish Outlook: Boost Your Trading EdgeKey Fundamentals Impacting EUR/USD: - Economic Slowdown in Europe: Recent data suggests that the Eurozone is facing economic challenges, including declining manufacturing output and rising unemployment rates, which could weaken the euro against the dollar. - Strengthening US Dollar: The Federal Reserve's commitment to maintaining higher interest rates to combat inflation is bolstering the US dollar, making it more attractive to investors. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in Eastern Europe, are adding uncertainty to the euro's stability, further supporting a bearish outlook. In my trading strategy for EUR/USD, I am focusing on probabilities to guide my decision-making process. Take a look at these analyses to see the details behind this trade idea. 1W: Hourly timeframes:
Short
by Jasminex1x2
1
EUR/USD turns lower on the dayThe EUR/USD couldn't hold onto its earlier gains and has turned negative on the day, potentially creating a bearish signal. Its recent gains have been driven more by external factors, such as China’s efforts to stimulate its economy and weaker US data, rather than positive developments within the Eurozone. However, the Eurozone's economic data, particularly from Germany, has been disappointing, with shrinking manufacturing activity and not so great services sector. This has led to reduced optimism for the euro's future performance, especially as it tests the August high of 1.12. Without significant improvement in Eurozone data, further gains in the EUR/USD will likely be limited unless there is a substantial downturn in US economic indicators. Technically, the EUR/USD remains in consolidation mode between resistance near 1.12 and support at 1.1100 to 1.1125. A break below this area, however, could push the pair towards 1.1000 or lower for then we will have seen the breakdown of the bullish trend, thereby creating a bearish signal. By Fawad Razaqzada, market analyst for FOREX.com
by FOREXcom